DraftKings Stock News

DraftKings Inc. (NASDAQ:DKNG ) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Alan Ellingson - CFO Jason Robins - Co-Founder & CEO Conference Call Participants Shaun Kelley - Bank of America David Katz - Jefferies Robin Farley - UBS Carlo Santarelli - Deutsche Bank Joe Greff - JPMorgan Ben Miller - Goldman Sachs Stephen Grambling - Morgan Stanley Benjamin Chai...

The difference between success and failure on Wall Street can be microscopic. Take Draftkings Inc (NASDAQ:DKNG), which saw its shares marked down by almost 6% after-hours following a small Q3 miss after an otherwise spotless report card.

DraftKings CEO Jason Robins said the sports betting industry is at a turning point as more people across the country realize they can gamble legally. "We're at a very, you know, important inflection point in the industry," Robins said.

DraftKings stock falls as “customer-friendly” sports outcomes early in the current quarter led to a lowered full-year revenue outlook.

DraftKings reported a worse than expected loss Thursday and lowered its 2024 revenue outlook. DKNG stock is poised to retreat.

BOSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (“DraftKings” or the “Company”) today announced results for the third quarter of 2024. The Company also posted a third quarter 2024 business update and an earnings presentation on the Investor Relations section of its website at investors.draftkings.com.

As the sports betting industry explodes, DraftKings has established itself as one of the premier platforms.

DraftKings Inc (NASDAQ:DKNG) stock is 0.3% higher to trade at $36.65 at last check, and sports a 35.9% year-over-year lead.